Tag: Larry Kudlow

Trump Heads to G-7 Isolated by Tariffs, Estranged From Allies

The following article by John T. Bennett was posted on the Roll Call website June 7, 2018:

‘There is a growing frustration,’ Ways and Means Chairman Brady says

One analyst says this weekend’s G7 summit will be more like a “G6+1,” with President Donald Trump isolated from other leaders, angry over his steel and aluminum tariffs. Credit: Sarah Silbiger, CQ Roll Call

President Donald Trump will arrive Friday at a G-7 meeting in Canada, with no specific goals for the summit and under fire from Republican lawmakers and the very world leaders with whom he will spend the weekend.

The U.S. leader’s steel and aluminum tariffs have upset other heads of state and caused many to retaliate with their own proposed fees on U.S. goods such as bourbon and cheese. Among the agitated leaders are those from G-7 countries such as Canada and the United Kingdom. But before the president hears new pleas from Canadian Prime Minister Justin Trudeau and British Prime Minister Theresa May to drop the tariffs, he is getting an earful from members of his own party.

“There is a growing frustration in the House about the impact of these [steel and aluminum] tariffs back home and the need for a much stronger partnership with the administration on the strategy, on the exemptions — especially for our key trading partners like Canada, Mexico and Europe,” House Ways and Means Chairman Kevin Brady said Wednesday.

And when it comes to working with the White House to obtain exclusions for specific products, the influential Texas Republican — who often talks to Trump and has been publicly praised by him — said this: “No one is satisfied with [that], frankly.” He added that he expects the administration to address the concerns of members of both parties. Continue reading “Trump Heads to G-7 Isolated by Tariffs, Estranged From Allies”

Larry Kudlow’s claim that the Obama stimulus was ‘all spending’

The following article by Salvador Rizzo was posted on the Washington Post website April 19, 2018:

The stimulus package included tax cuts along with increased spending. (Meg Kelly/The Washington Post)

“So, look, the trouble I had with the Obama [stimulus] program was it was all spending. It was all spending and most of it was not spending for infrastructure. Most of it was spending for welfare programs and social spending. That’s not a growth prescription. It’s just spending.”
— Larry Kudlow, director of the National Economic Council, in a CNN interview, April 9, 2018

The Obama-era stimulus package pumped hundreds of billions of dollars into the U.S. economy to stave off the Great Recession. Kudlow, a former CNBC pundit, dismissed it as “all spending” that went mostly to “welfare programs and social spending.” Continue reading “Larry Kudlow’s claim that the Obama stimulus was ‘all spending’”

Kudlow: GOP Will ‘Come Out Ahead’ in Midterms Despite Trade War Worries

The following article by John T. Barrett was posted on the Roll Call website April 4, 2018:

Proposed tariffs could just be a bargaining chip for China talks, new Trump aide says

A woman with her daughter casts her vote in North Las Vegas on Election Day 2016. President Trump’s new top economic aide says Republicans will do fine in November if the economy remains strong. Credit: Bill Clark/CQ Roll Call file photo

Republican candidates will likely not be hindered by the tariff tit for tat between Donald Trump and China that some warn could start a global trade war as long as the U.S. economy remains strong, the president’s new chief economic adviser said Wednesday.

Lawrence Kudlow, a former Reagan aide who started last week, also suggested Trump’s proposed steel and aluminum tariffs could be little more than a move to get China to the negotiating table over its trade practices. And he suggested a U.S. trade deal with Canada and Mexico could be near.

“Everybody wants to solve this the best way they can,” Kudlow told Roll Call about the U.S.-China trade spat. “We don’t want to hurt businesses. We don’t want to hurt districts. We don’t want to hurt congressmen. And I think, at the end … of my mythical rainbow, they’re all going to come out ahead.” Continue reading “Kudlow: GOP Will ‘Come Out Ahead’ in Midterms Despite Trade War Worries”